Discuss the advantages and disadvantages of alternative dispute resolution compared to litigation. If you were?
Discuss the advantages and disadvantages of alternative
dispute resolution compared to litigation. If you were entering
into a business contract which would you prefer to see
in the contract? Why?
- ElucidatorLv 79 years agoFavorite Answer
As a current plaintiff, I would not like the thought of being precluded from using the court system (binding arbitration) but do believe both parties should try to settle out of court. It is faster and cheaper. So I would support mediation, where a neutral third party tries to get both sides to a consensus, but not a situation where an arbitrator makes a decision, unless that decision was appealable. I would want a contract written in such a way that neither side had leverage over the other should a dispute arise.